A spectacular complex of museums, shops, and apartments known as the Fourth Grace was supposed to be the architectural cornerstone that would take the city of Liverpool out of its post-industrial doldrums and into a brave new future. “But when escalating costs killed the £325 million project off in the summer, the Fourth Grace became an icon for another kind of Liverpool, an inescapable reminder of the constant stream of failed projects and broken promises in the city.” The real tragedy, though, may be that Liverpool is still trying to reinvent itself with expensive new buildings, when it already has all the raw ingredients of a beautiful city waiting to be highlighted.